American International Group is looking at ways to introduce proprietary insurance products to its new distribution platform, according to AIG President and CEO Robert Benmosche…
Carriers are exiting markets in droves and in many cases leaving the country altogether. Companies are dropping entire lines of business, particularly in variable annuities and long-term care. The largest of the companies are looking to Latin America, Europe and Asia for business…
That’s $1 trillion in face amount that producers and carriers might want to pursue or at least know about, according to Eric Sondergeld of LIMRA, who is one of the researchers who has been looking at the numbers…
Advisors are upset because a couple of big variable annuity carriers—Prudential and Jackson National—are suspending sales of, or deposits into, certain variable annuities. Other variable annuity carriers are expected to follow, and many have already cut back…
At issue are warnings included in the document about using annuities — in particular, deferred annuities – to help low-income wartime veterans qualify for a government pension. These warnings are in addition to cautionary notes about gifting and moving money…
In the past few weeks, a number of annuity carriers have brought out new fixed and variable annuity contracts or features that are geared toward meeting the needs of retirement-minded customers…
A greater percentage of older couples are getting divorced and are at an age when they are more likely to have annuities. How do they split that baby?…
Typical insurance agents can increase sales by drawing a simple one-page diagram — a diagram that Bill Whitley says so motivates clients that they actually ask to move on to the next step in the buying process…
Brokerage general agent tells NAIFA conference that the critical illness rider makes life insurance more attractive for younger clients…
The National Association of Insurance and Financial Advisors Career & Annual Conference is going on right now in Las Vegas, and InsuranceNewsNet is there, bringing you exclusive insights from insurance professionals in attendance…
The changes have come in response to the prolonged low-interest rate environment, and the pressure that has put on carriers’ ability to support product guarantees and related features, according to a wide variety of annuity watchers…
Cogent Research has found that 72 percent of advisors surveyed in 2012 expect to continue selling variable annuities and to allocate 11 percent of their assets under management toward the products…
Advisors aren’t talking much about globalization, says Stan Haithcock, a Florida-based annuity specialist. But they should be, because the increasingly international profile of the insurance business is likely to impact the U.S. annuity market…
By Linda Koco Annuity sales may be flattening from last year, or even dropping in some markets, but it is…
By James O. Mitchel Behavioral economics is a blend of psychological and economic insights into how people manage risk and…
LIMRA annuity researcher says survey shows clients are anxious about income and need a financial plan before buying By Steven…
Several recent surveys indicate that consumer and investor confidence is wobbling. The magnitude is not dramatic, but worry is definitely in the air…
Peter A. Winer, 54, dies of injuries sustained in a motorcycle accident…
In a surprise move, Chief Justice John Roberts sides with liberal justices to uphold the mandate and penalty as a tax within the power of Congress…
